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The US Antitrust System and Recent Trends in Antitrust Enforcement

Author

Listed:
  • Ping Lin
  • Baldev Raj
  • Michael Sandfort
  • Daniel Slottje

Abstract

This paper provides a survey of recent research on the US antitrust system. First we provide an overview of the US antitrust system, describing the roles of the US Department of Justice, the Federal Trade Commission and case law. Second, we provide a new econometric trend analysis on the enforcement of US antitrust law, showing that (1) enforcement demonstrates some trend behavior, as well as comovement with business cycles; (2) the time series of antitrust cases demonstrates two distinct episodes, which we characterize as ‘pre‐deregulation’ and ‘post‐deregulation;’ (3) the time series of government antitrust filings leads the time series of private antitrust filings. Finally, we describe recent economic research relevant to the area of antitrust and the impact of this research on US antitrust policy.

Suggested Citation

  • Ping Lin & Baldev Raj & Michael Sandfort & Daniel Slottje, 2000. "The US Antitrust System and Recent Trends in Antitrust Enforcement," Journal of Economic Surveys, Wiley Blackwell, vol. 14(3), pages 255-306, July.
    • Handle: RePEc:bla:jecsur:v:14:y:2000:i:3:p:255-306
    DOI: 10.1111/1467-6419.00111
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    Cited by:

    1. Alessandro Marra & Alessandro Sarra, 2010. "Incomplete antitrust laws and private actions for damages," European Journal of Law and Economics, Springer, vol. 30(2), pages 111-135, October.
    2. Schinkel, Maarten Pieter & Tuinstra, Jan, 2006. "Imperfect competition law enforcement," International Journal of Industrial Organization, Elsevier, vol. 24(6), pages 1267-1297, November.
    3. Hui, Kai Wai & Klasa, Sandy & Yeung, P. Eric, 2012. "Corporate suppliers and customers and accounting conservatism," Journal of Accounting and Economics, Elsevier, vol. 53(1), pages 115-135.
    4. Kulaksizoglu, Tamer, 2004. "Measuring the Effectiveness of Competition Policy: Evidence from the Turkish Cement Industry," MPRA Paper 357, University Library of Munich, Germany.
    5. Martin Carree & Andrea Günster & Maarten Schinkel, 2010. "European Antitrust Policy 1957–2004: An Analysis of Commission Decisions," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 36(2), pages 97-131, March.
    6. Kulaksizoglu, Tamer, 2004. "Competition Policy in Turkey," MPRA Paper 179, University Library of Munich, Germany.
    7. Klein, Gordon J. & Günster, Andrea, 2013. "Enforcement of European Competition Policy - Impact on Competition and Efficiency," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79989, Verein für Socialpolitik / German Economic Association.

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